LOS ANGELES, CA, April 17, 2018 (GLOBE NEWSWIRE) -- Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector and consultant for multiple cannabis brands, today announced recent advancements for national cannabis legislation in which President Trump and Senator Cory Gardner negotiated a groundbreaking deal on behalf of Legalized Marijuana. President Trump stated he will support congressional efforts to protect states that have legalized marijuana according to the Cannabis Business Times and major news sources. Last week, President Trump is said to have promised Senator Gardner that he will support congressional efforts to protect states that have legalized marijuana. In a phone call late Wednesday, Trump told Gardner that despite the DOJ memo, the marijuana industry in Colorado will not be targeted, the senator said in a statement Friday.

“Since the campaign, President Trump has consistently supported states’ rights to decide for themselves how best to approach marijuana,” Gardner said Friday. “Late Wednesday, I received a commitment from the President that the Department of Justice’s rescission of the Cole memo will not impact Colorado’s legal marijuana industry.” He added: “Furthermore, President Trump has assured me that he will support a federalism-based legislative solution to fix this states’ rights issue once and for all.

“A bill has not been finalized, but Gardner has been talking quietly with other senators about a legislative fix that would, in effect, make clear the federal government cannot interfere with states that have voted to legalize marijuana. My colleagues and I are continuing to work diligently on a bipartisan legislative solution that can pass Congress and head to the President’s desk to deliver on his campaign position,” Gardner further stated in the article.

Agritek Holdings additionally confirmed today that Former House Speaker John Boehner has officially accepted the appointment to Acreage Holdings’ Advisory Board

“In the course of one week, there is extreme optimism among public companies within the Cannabis Industry. Our industry celebrates Boehner’s as well as Governor Weld’s participation in the cannabis market, which we expect, will hopefully help advance swift policy reform at the Federal level. With these recent developments, I feel a new confidence level for our shareholders at these levels as we move forward with new certainty on our projects in Colorado, California and Puerto Rico," stated B. Michael Friedman, CEO of Agritek Holdings.

Governor Weld stated he’s been in favor of medical marijuana for years and supported the initiative that legalized adult-use in Massachusetts in 2016, the Financial Post reported.

 “Having an eminent GOP leader endorsing our industry proves that marijuana can truly bridge both sides of the aisle. These prominent government leaders will have a strong hand and voice allowing them to shape the political course of this evolving industry while improving on human health and wellness of the American public being while at the same time being reflective of a broader evolution within the United States,“ further added Friedman.

A full investor presentation on Agritek Holdings may be viewed in the investor section of our corporate website located at www.Agritekholdings.com

 About Agritek Holdings, Inc.

Agritek Holdings, Inc. (www.AgritekHoldings.com), is a fully integrated, active investor and operator in the legal cannabis sector. Specifically, Agritek Holdings provides strategic capital and functional expertise to accelerate the commercialization of its diversified portfolio of cannabis related holdings. Currently, the Company is focused on three high-value segments of the cannabis market, including real estate investment, intellectual property/brands, and infrastructure, with operations in three U.S. States, Canada and Puerto Rico. Agritek Holdings, Inc. presently owns or manages property in Colorado, Washington State, Puerto Rico and Canada and has licenses with permitted facilities in California approved for cultivation as well as manufacturing capabilities. The company owns several Hemp and cannabis brands for distribution including "Hemp Pops", Hemp oil wellness products and "California Premiums". Agritek Holdings, Inc. does not directly grow, harvest, or distribute or sell cannabis or any substances that violate or contravene United States law or the Controlled Substances Act, nor does it intend to do so in the future.

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Agritek Holdings, Inc.
www.AgritekHoldings.com
305.721.2727
info@agritekholdings.com